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Exclusive: Thermo bids for Life Tech; PE firms finalizing bid - sources
Biotechnology News
By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - Thermo Fisher Scientific Inc made a binding offer for Life Technologies Corp on Tuesday as private equity firms raced to finalize a consortium to take the genetic testing equipment maker private, several people familiar with the matter said. Thermo Fisher met a bid deadline on Tuesday but private equity firms working on a joint bid missed it and were working late into the evening to secure the equity required to support an offer, the people said. ...
Source: BioTech News Headlines - Yahoo! News
Life Technologies Sold
Life Technologies has agreed to a $13.6 billion purchase by instrumentation company Thermo Fisher, bringing to an end the independent existence of San Diego County's most highly valued biotech company, a giant in DNA sequencing. Ref. Source 2
Thermo bid wins Life Technologies auction
The $13.6bn bid from Thermo Fisher was also substantially higher than the $65 a share bid from the consortium, which included Blackstone, Carlyle and KKR
Source: Pharmaceuticals news and pharmaceutical industry analysis - FT.com